Yesterday was New Year's Day, the US stock market was closed, and Bitcoin's trend remained volatile. During the Asian trading hours, it was in a downward fluctuation, and it started to rise during the European and American trading hours.
The daily line closed with a small bullish candle, with trading volume around half of the previous day, indicating a pattern of decreasing volume and narrow fluctuations. However, the MACD shows a continued reduction in downward momentum near the zero line, and it will likely maintain this seemingly weak narrow fluctuation trend in the short term.
However, in the past few days, as long as a long bullish candle appears, a fast and slow line golden cross trend will form, leading to a relatively good rebound upward trend.
Bitcoin will not crash; it is just a normal adjustment trend. The focus is not on Bitcoin, but on altcoins.
Yesterday, old coins like $XRP and $XLM had a good rebound upward trend. Next, it will be a rotation of various coins rising.
Remember to do a good job of medium to long-term altcoin spot layout; declines are opportunities.
Daily level resistance levels are 96200-98200-104000-112000, and support levels are 93030-91600-90200-87300-78850
The hourly trend is currently showing a rebound from the 1-day EMA52 line encountering a pullback from the 12-hour MA30 line, and inside it, a 4-hour pullback and 15-minute rebound trend.
On the short line, you can go long at 94000 and 93140, and go short at 95330
From the liquidation heatmap data of Bitcoin, it can be seen
The price is rising, with a large number of significant short positions waiting for liquidation in the 95200-95600 and 96300-98000 areas
The price is falling, with a large number of significant and very large long positions waiting for liquidation in the 92700-90050 area
